The consistency principle for set-valued solutions and a new direction for normative game theory

The consistency principle for set-valued solutions and a new direction for normative game theory

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Article ID: iaor2003692
Country: Germany
Volume: 54
Issue: 1
Start Page Number: 119
End Page Number: 131
Publication Date: Jan 2001
Journal: Mathematical Methods of Operations Research (Heidelberg)
Authors: , , ,
Abstract:

We extend the consistency principle for strategic games to apply to solutions which assign to each game a collection of product sets of strategies. Such solutions turn out to satisfy desirable properties that solutions assigning to each game a collection of strategy profiles lack. Our findings lead us to propose a new direction for normative game theory.

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